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"If .033p was the mid closing price on Friday, that will become 3.3p., but with the late news on Friday and further RNS's on Monday, I anticipate this will be a lot, lot higher.
"
kentan ... really ???!!?? It is 0.33p NOT 0.033p ... not even sure what you have been smoking to be talking about 3.3p a share
We have another lifting of crude this month too
Looking good for Monday rise and then a huge rise on name change and consolidation for tuesday
The 100m must be the shares "issued" on 20th Feb 2018 as I can find no AIM notice of admission for them. One wonders who the buyers were to "forget" they should have had £500k worth of shares in their accounts.
https://www.investegate.co.uk/mx-oil-plc--mxo-/rns/placing-and-update-on-the-aje-field/201802201430114262F/
Hi,
Yes, t'was me...
DEFINITELY pre-consolidation ...
From Cairn: "This is pre consolidation. These shares had already been announced in previous announcements and there will be no change to advised share capital pre-consolidation or the post consolidated holdings."
-- BB --
Hi Quite, thank you for your reply.
They are 100m shares pre-consolidation.
I believe somebody on these boards emailed the company to ask, to which they confirmed
Not sure if this has been asked already, sorry if it has.
Consolidation on Monday, 44.7m shares in issue. If the 'forgotten' shares are issued on Tuesday, will we end up with 144.7m shares as they are issued post-consolidation?
Or, are these forgotten shares considered to be pre-consolidation and we will end up with 45.7m shares in issue on Tuesday?
Thanks
My mistake - yes, that sounds like it's Tuesday.
My mistake with share price ... should be 33p ... micro-penny shares are so confusing and are displayed in many different formats.
In Friday's RNS:
In respect of the issue of new shares to facilitate the share capital reorganisation, 36 new shares will be admitted immediately prior to the share capital consolidation. Further, 100,000,000 ordinary shares, which have previously been issued and announced but were not admitted due to an administrative oversight, will be admitted. There is no change to the anticipated new issued share capital as announced in the Company's circular of 22 May 2019 as a result of this admission.
The New Ordinary Shares, as a result of the consolidation, are expected to be admitted on 11 June 2019.
So it is Tuesday?
The circular announcing the GM included this sentence:
"It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence on or around 10 June 2019."
The RNS giving the results of the GM didn't announce a different timetable. So I think the consolidated shares, and the new name, should hit the exchange tomorrow (Monday). Of course, it may take various platforms etc time to catch up. BEWARE limit orders in the meantime.
As for the name change, it's already been done at Companies House. You may remember that a new company was registered with the name ADM Energy, to make sure nobody else could squat on that name. We said at the time that this new company was only needed temporarily to bag the name - the action itself would involve the company known as MX Oil changing its name to ADM Energy, and the new temporary ADM company having its name changed to something random now it's no longer needed.
Well sure enough: Here's the old company that used to be called MX Oil. https://beta.companieshouse.gov.uk/company/05311866/filing-history. Now have a look. It's ADM Energy Plc.
As for the temporary, new, company that was registered as ADM Energy. Well wa'd'ya know - https://beta.companieshouse.gov.uk/company/11950514/filing-history - it's had its name changed to MX Oil Ltd (not Plc - because that company is not listed).
All done and dusted.
or of course 0.33 becoming 33p............!
0.33p so 33p after consolidation??
Is the day the 100 for 1 consolidation will show up on the exchange ... so expect it to be up 10,000% on the top risers board and draw a lot of attention from others who are still in the dark.
If .033p was the mid closing price on Friday, that will become 3.3p., but with the late news on Friday and further RNS's on Monday, I anticipate this will be a lot, lot higher.
The name change will also follow too ... it is still to be confirmed at Companies House (in the next 5 days from Friday), but is showing as a done deal in the overview...
Could there have been a stand-off between the long-serving Chinese and The Sheikh that resulted in the 3 resolutions to be not accepted ... there are still a number of Chinese major shareholders who are no longer over the 3% threshold, but still have a considerable stake if they voted in concert... did they gang up?
Exactly that. Shoot the proof reader. Ha!
So have I ...
"here" instead of "there" in the Investors section .... missing the "t"
We miss very little on this board.
This will be a billion £ capitalisation, i expect it to be moved to the main listing..UAE is expected to move into energy and financial services big time and Uk will be their favourite ground..they no longer will sit and get outbid by Qatar... IMO
Yes, it is. But there is a typo which I have kindly pointed out to them.
It’s disappointing that we haven’t had the update promised ‘shortly ‘ following the failure to pass 3 of the Resolutions.
This could mean that the BoD was taken by surprise. As far as I am aware, they only required a simple majority of the votes cast, whether by proxy or in person, but that would suggest that there was a consensus among the large shareholders to oppose the Resolutions. It could also suggest that the new shareholder is flexing his muscle and S O could be in for a hard time. I suggest he doesn’t travel to the Middle East
I haven’t seen any contribution to this board from any shareholder who attended the Meeting; such a contribution could be revealing. Were they sworn to secrecy?
I am very optimistic about Monday’s opening, but an RNS before 8 o’clock would be helpful
That's slick. Very professional
Once HH Sheikh Ahmed has been ensconced, will our esteemed leader be concentrating on his latest project and moving on to pastures (of Cannabis) new?
Take a look at this:
Our Aim:
NATURI VITA is looking to create brand value by building direct distribution capability into the rapidly growing European CBD products market.
Expand via acquisition and further real estate purchases both in Italy, France and other European locations.
Seek future listing on a recognised stock exchange with a dividend distribution strategy.
STEFAN OLIVIER
Stefan is an experienced CEO, who has a history in financial structuring, M&A and stock exchange listings. Stefan started his city career at Cornhill Capital where he operated as a corporate broker, running hundreds of predominantly AIM listed transactions and listings where he focussed on raising debt and equity for companies in natural resources. He left to set up North American Petroleum in 2012 which he sold to a US onshore oil company in 2014. He then went on to set up MX Oil PLC and raised over £25m in equity for the business which invests in onshore and offshore upstream oil projects. Stefan’s ambition is to grow Naturi Vita into a vertically integrated cannabis business with a view to either selling to a larger entity or listing onto a recognised exchange in the medium term.
Andrew Frangos is pulling the strings (as per usual) in the background.
looks sleek and highly professional
this is going to do really well next week, no doubt the rns on monday will be the announcement of the new website, looking at it shows that he wants adm energy to be a global company, also looking forward to the announcement of the new board of director. June is going to be a very exciting month
website very very nice, what a vast improvement, good bye old website and board of directors, hello new company and board
Interesting to know that the second largest shareholder has less than 7% compared to the Sheikhs holding of just under 30%.
Whatever he says will go - this is despite what people were muttering regarding him maybe clashing with the board. There's no way even if they clubbed together would they have the voting rights to compete with the man himself.
Also nice to see well publicized the fact that planning for phase 2 of AJE is well underway
All things looking very good indeed